Source - Alliance News

Best of the Best PLC - London-based operator of weekly online raffle competitions - Suitor Globe Invest Ltd, the investment company of Teddy Sagi, now owns just under 39% of Best of the Best. Globe Invest’s takeover bid has been backed holders of a number of other Best of the Best, giving the suitor an interest of just under 59%. Globe Invest is now required to mount a mandatory cash offer, at a price of 535 pence per share.

The Globe Invest bid, first announced earlier in June, values Best of the Best at £45.3 million. Best of the Best backed the offer.

Sagi founded London-listed gambling software developer Playtech PLC and, most recently, his company Unikmind Holdings Ltd completed a takeover of digital privacy and security company Kape Technologies PLC.

Current stock price: 530.00p

12-month change: up 10%

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